I have been seeing this guy drafted in the 16th-21st rounds in my fantasy drafts, despite the fact that in his 3 spring training starts he has allowed 14 hits, 10 earned runs, 8 walks, 11.25ERA, and only 3K's in 8 innings. This guy looks like crap.

Well, you're naive to think he's crap, I agree-- but you're not naive to notice his spring. Remember, this spring comes on a last 6 weeks of pretty rough stuff last season. He's always had trouble with his control. He'll be good; he'll be excellent-- eventually-- but he may not be ready to bust out into stardom this year.